ADAC reports duty free spending hike
Abu Dhabi Airports Company (ADAC) has reported a 26.1% hike in duty free revenues for the first quarter of 2010 - a figure that outpaced the 13.8% rise in passenger numbers for the same period.
The firm said the figures demonstrated a “returning consumer confidence” in Abu Dhabi’s retail sector following the economic downturn.
“Growth has been seen across all categories with Luxury, Perfume & Cosmetics, Liquor, Gold and Electronics being the star performers; exclusive launches and promotional campaigns have also boosted sales.” Said ADAC Chief Commercial Officer Huraiz Almur bin Huraiz.
ADAC said 2010 would be another record year for travel retail sales, with more than 160 million US dollars predicted to be made by the end of the year